Fossil Energy
Archer buys Norwegian well intervention player
Archer has signed a sale and purchase agreement to acquire DeepWell based on an enterprise value of NOK 177 million.
In focus: Recent developments in the energy transition race
With the In focus column, Offshore Energy delivers a weekly snapshot containing the most relevant energy transition items.
Final preps underway for Baltic Pipe pipelaying
Polish GAZ-SYSTEM is carrying out final preparations to begin laying the offshore gas pipeline for the Baltic Pipe project in the Baltic Sea. Drilling of a tunnel for the gas pipeline began in April on the Polish coast, with similar work set to start soon in Denmark, GAZ-SYSTEM said. Allseas will wo
MOL preparing to drill appraisal well in North Sea
The Norwegian Petroleum Directorate (NPD) has granted MOL Norge a drilling permit for an appraisal well in the North Sea.
Serica Energy extends Bruce field life to 2030
UK oil and gas company Serica Energy has extended the life of its flagship Bruce field in the North Sea through to 2030.
COSL Drilling made exclusive rig provider for OKEA
A four-year-long frame contract has been signed by COSL Drilling Europe with OKEA for the use of COSL’s rigs in Norway.
Aker Solutions reveals good figures in 2021 start
Aker Solutions has reported growth in both earnings and order intake in the first quarter of 2021, with about 35 per cent of new contracts related to the energy transition. In Q1 2021, Aker Solutions saw an EBITDA of NOK 427 million (approximately EUR 42.5 million), with a margin of 6.6 per cent, an
NEO Energy to halve carbon intensity per barrel by 2030
NEO Energy has revealed a set of ambitions to reduce its carbon emissions as part of the energy transition plans.
FutureOn digital twin software backs Aker BP’s subsea activities
Aker BP has awarded FutureOn with a contract for its digital twin software with the aim of digitizing workflows within concept development and field development studies. Aker BP will use the software to visualize subsea data, map the design of digital twin fields, and foster greater digital collabor
Noble Corp. shares Transocean’s optimism about market outlook
Just like its rival Transocean, Noble Corp. is optimistic about the outlook with a pipeline of tender opportunities on the horizon.
Saipem chairman takes on chief executive role
Italian oilfield services provider Saipem has appointed the current chairman of the company as its new chief executive officer (CEO).
Wintershall Dea terminates West Mira rig after x-mas tree incident
Offshore rig owner Seadrill Limited has revealed that a termination notice has been received for the West Mira rig from Wintershall Dea.
Valaris hauls in sixteen new contracts and extensions
The now restructured and debt-relieved offshore drilling contractor Valaris has been awarded sixteen new contracts and extensions with more than a dozen different oil and gas companies.
Transocean optimistic about contracting after securing new rig jobs
Following new contract awards to its drillships and a harsh environment rig, Transocean is optimistic about contracting throughout the year.